This is getting a little boring.
For the third consecutive month, the new mid-engine Corvette is the hottest-selling car in America, and it appears to be getting even hotter!
According to iSeeCars.com’s survey, in January, it took an average of 10 days for a 2021 Stingray to roll out of a dealership. In February, that figure climbed to 13.1 days.
Now that average has dropped to just 9.4 days for March, though interestingly the average price of a new Corvette dropped to $82,457 for the month, down from an average of $86,581 in February.
That Corvette figure is even more impressive considering the average for all cars to sell during March was 47.4 days.
“The Corvette C8 has been in short supply since its 2020 debut due to overwhelming demand and multiple production setbacks, including its most recent shutdown from late February into early March because of a parts shortage,” said ISeeCars Executive Analyst Karl Brauer. ”
The interest in the new mid-engine Corvette is apparently bleeding over into the used market, where Corvette ranked fourth in a list of the Top 20 Fastest-Selling Used Vehicles in March, with an average of 29.6 days to sell behind the Kia Telluride (25.9), Mazda MX-5 Miata (26.5), and Hyundai Palisade (28.5).
Other hot new rides from GM during March included the GMC Yukon XL (14.3 days), Cadillac Escalade ESV (15.2), Cadillac Escalade (15.6), GMC Yukon (17.5), and Chevy Tahoe (21.5).
“The Escalade was redesigned for 2021 to make the already supersized SUV even larger and more luxurious, leading to a 75 percent sales increase in the first quarter of 2021 over last year,” said Brauer. “Cadillac has struggled in recent years, but the popularity of the Escalade and Escalade ESV, particularly the higher trims, has helped Cadillac rebuild its position as a luxury brand associated with opulence, advanced tech and the celebrity elite.”
Corvette Dominates the Luxury Sport Market with 51 Percent Market Share in 1st Quarter 2021
STUDY: The Chevrolet Corvette was the Fastest-Selling New Car in February
STUDY: Chevrolet’s Corvette was the Fastest-Selling Car in January